Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Deutsche Boerse AG  >  Audi AG    NSU   DE0006757008

AUDI AG (NSU)
Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 10/23 05:29:29 pm
700.01 EUR   +0.50%
10/23DJVW Wins Approval for Diesel-Emissions Fixes -- Update
10/23DJVW Wins Approval for Diesel-Emissions Fixes
10/23 EU raids Daimler and VW in widening cartel inquiry
SummaryQuotesChartsNewsCalendarCompany 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Daimler Eyes Growth as Mercedes Steps on Gas

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/05/2015 | 02:26pm CEST

BERLIN-- Daimler AG predicted significant growth for this year thanks to buoyant car demand in China and the U.S., despite a decline in profit in the fourth quarter because of charges.

Operating earnings will rise by more than 10% this year and sales by more than 5%, Chief Executive Dieter Zetsche said on Thursday.

Strong sales of Mercedes-Benz's flagship S-class sedan and a full stable of new and refurbished models are helping Daimler's car division catch up with rival German luxury car makers BMW AG and Audi AG.

Stuttgart-based Daimler aims to retake the top luxury spot by 2020. Mercedes will step on the gas this year, introducing four new or refreshed sport-utility vehicles and a new ultraluxury Pullman sedan.

"Daimler is on an upward curve," Mr. Zetsche said in a statement.

Daimler's operating profit rose to EUR2.82 billion ($3.23 billion) in the fourth quarter, from EUR2.56 billion a year earlier. But a EUR600 million increase in provisions for antitrust proceedings against Daimler's truck division caused net profit to tumble 33% to EUR1.10 billion.

For this year, Mr. Zetsche predicted double-digit percentage car-sales growth in China. The company expects sales to rise also in North America as a result of new models. In Western Europe, it hopes to outpace an expected slight revival in demand. European industry association ACEA said on Thursday that car sales will likely rise this year but at a slowing pace.

In full 2014, Daimler's net profit rose 1.8%, to EUR6.96 billion, as revenue increased 10% to EUR129.87 billion.

Investors reacted positively to the news and shares rose roughly 2%.

Operating earnings of Daimler's car business were higher than average analyst expectations in the fourth quarter, said Commerzbank analyst Daniel Schwarz. He predicted expectations for the group's operating earnings this year will now rise.

Sales of Mercedes S-class models doubled last year. That rise combined with strong demand for Mercedes's compact models lifted overall sales 13%--to 1.65 million vehicles. Mercedes grew faster than BMW and Audi, but still trails its two rivals.

The three German luxury car brands, which control about 80% of global luxury car sales, are in a tight race for the top spot. The three rivals have been fighting for market share in China, the world's biggest car market by volume, by expanding dealerships and introducing new models. Audi is number-two behind BMW world-wide, but is the largest premium brand in China.

Now, with the U.S. car market back to precrisis levels and growing, the German premium brands are set for a battle in the lucrative U.S. luxury segment. Mercedes is targeting surging SUV growth in the U.S. Audi is building a plant in Puebla, Mexico, to produce a new version of its Q5 SUV in 2016 in a drive to become the best-selling premium brand in the U.S.

Daimler expects operating earnings of its truck and van making units' ongoing business to rise more than 10% this year, helped by further revenue growth and efficiency gains. Last year, the truck division's operating earnings jumped 15% as sales increased slightly. The van division's operating earnings rose 8.1% amid a 6.4% revenue increase.

Write to Friedrich Geiger at [email protected]

Access Investor Kit for Bayerische Motoren Werke AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0005190003

Access Investor Kit for AUDI AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0006757008

Access Investor Kit for Daimler AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0007100000

Access Investor Kit for Volkswagen AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0007664005

Access Investor Kit for Volkswagen AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0007664039

Access Investor Kit for Daimler AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US2338251083

Access Investor Kit for Volkswagen AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US9286623031

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AUDI AG
10/23DJVW Wins Approval for Diesel-Emissions Fixes -- Update
10/23DJVW Wins Approval for Diesel-Emissions Fixes
10/23 EU raids Daimler and VW in widening cartel inquiry
10/23 AUDI : Three victories for the Audi RS 3 LMS
10/20 Bentley picks former JLR strategy boss as next CEO
10/20 AUDI : Sport aims to clinch fifth victory in Macau
10/19 THE NEW AUDI A7 SPORTBACK : || Sporty face of Audi in the luxury class
10/19 AUDI DRIVER RENÉ RAST : “Every year has made me better”
10/19 AUDI : Lucas di Grassi electrifies Rome
10/18 AUDI : Michael Frisch - Biography
More news
News from SeekingAlpha
2015 U.S. Tech Firms Protest Beijing Security Rules
2015 JANUARY AUTO SALES : American-Made
2015 12 Stocks To Buy If You Believe In Driverless Cars
Chart AUDI AG
Duration : Period :
Audi AG Technical Analysis Chart | NSU | DE0006757008 | 4-Traders
Managers
NameTitle
Rupert Johann Stadler Chairman-Management Board
Matthias Müller Chairman-Supervisory Board
Alexander Seitz Head-Finance & Information Technology
Berthold Huber Vice Chairman-Supervisory Board
Helmut Aurenz Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AUDI AG11.04%0
SAIC MOTOR CORPORATION LIMITED38.89%57 496
MARUTI SUZUKI INDIA LTD46.37%35 909
BYD COMPANY LIMITED--.--%27 663
FIAT CHRYSLER AUTOMOBILES64.22%25 776
GUANGZHOU AUTOMOBILE GROUP CO LTD119.38%23 941